S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to ‘BB-‘ from ‘B+’ as the luggage company’s sales recovered through the first half of fiscal 2022, and modest continued global travel upside is expected to improve performance through 2023.
Samsonite manufactures luggage, business and computer bags, outdoor and casual bags, and travel accessories, primarily under the Samsonite, Tumi, American Tourister, Gregory, High Sierra, Kamiliant, ebags,…